Derek Wachob, one of the well-known billionaires, is a co-founder of seven companies. Many people want to know about his net worth.
Derek Wachob Biography
In this article, you will come to know about his biography including his early life, family, age, education, net worth many more. To know all about Derek Wachob read the following article till the end.
Personal information
Derek Wachob was born on 4 October 1972, in the city of Sapulpa which is in the state of OK (Oklahoma). He has a nationality of America. His zodiac sign is Libra.
He is a person with an average height of about 5 feet 6 inches and weighs about 77 kilograms. He is 51 years old as of 2023. He is a successful businessman by profession and still progressing in his business.
He has a lavish house in the United States and has many cars and investments.
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Date of birth
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4-0ct-1927
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Birth place
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Sapulpa,OK
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nationality
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American
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Zodiac sign
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Libra
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Age
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51
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Profession
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businessman
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weight
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77kg
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Height
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5 feet 6 inches
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Education
He has done his early education in his native state. After that he graduated from university graduation. He placed great importance on education and mentorship.
His educational background played an important role in enhancing and shaping his professional skills as well.
Derek Wachob’s family
His father’s name is Jack Wachob and his mother’s name is Linda Wachob. The name and the number of his siblings are not mentioned.
Furthermore, if we talk about his marital status, he is 50 years of age as of 2023, so he is married and has kids. There is no more detail about his wife and kids as he has never shared anything about his personal life on social media.
By the personality of Derek Wachob, it is postulated that he is a very loving and caring person for his family.
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Father name
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Jack wachob
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Mother name
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Linda wachob
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Wife name
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Not mentioned
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No of children
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Not mentioned
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Profession
Derek Wachob belongs to a family of businessmen and he got skills from them and now he is a businessman by profession. He is a successful billionaire not just by his luck, his effort speaks for him.
He expanded his business into a giant with a net worth of $1.24 billion in the current year 2023.He is a founder of seven paragon industries which are worldwide famous.
These were founded in 1970 by the father of Derek Wachob. Mr. Jack was the former chairman of these paragon industries. His parents not only founded the paragon industries but also gave Derek, the ideas and skills to run a business successfully.
These industries were formed over 16 years. Out of which 3 are inactive. The remaining four are still in progress. His active companies are:
- Paragon Industries Sales Co, LLC
- The Olympia of Destin, LLC
- Paragon South, LLC
- Peerless Tube, LLC
Paragon Industries is a steel pipe and tubing manufacturing industry primarily serving the oil and gas industry which is further used in engineering industries.
This company has the finest quality pipes and they satisfy their customers with their quality things such as line pipe, OCTG, Standard pipe, pipe piles, 4,6,8 inch sprinkler pipe, and value-added services including cut and bevel, FBE coating, threading, custom fabrication, logistics, grooving and building.
Approximately 200 to 500 employees are working in these industries. Paragon Industries is enlisted among the top companies in America also there are many competitors of this company. Paragon Industries is located at 3378 W Hwy 117, Sapulpa, Oklahoma, 74066, United States.
Net worth
As he is running multiple works and companies at a time. That’s why it is obvious that he holds a heavy bank account loaded with a huge amount of money.
His net worth is estimated at $10 billion as of the current year 2023. His monthly income is around $30k and his annual salary is approximately $500k.
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Net worth
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$10 million
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Annual salary
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$500k
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Monthly income
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$30k
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Another source of income
Besides running the paragon industries, some other avenues contributed to his net worth. The one thing is an investment, by which Derek Wachob increases his net worth although details are not mentioned about his investments.
The other thing is legal compensation; Derek Wachob used to fly aircraft from Tulsa to Gulfport airport, he claimed that his aircraft was stuck by a million air who moved his plane near the pole.
He filed a lawsuit against the United States army and claimed $13,229,775 for damage to his aircraft. It was also mentioned that the aircraft was beyond repair and in poor condition.
Read More: Big Boogie Biography
The Bottom Line
That’s all about this reading. I hope you enjoyed this and happy to learn about the biography of this billionaire. In this reading, we tried our best to convey all the details of this man. He is running multiple businesses in 2023 and leading a wonderful life with his family.
